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Tue 19 Aug 2003, 13:31 Enterprise Risk Management Limited - Announcement
ERM                                                                             
Enterprise Risk Management Limited - Announcement                               
Enterprise Risk Management Limited                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1995/001603/06)                                           
(JSE Code: ERM & ISIN Code: ZAE000037701)                                       
("ERM or "the Company")                                                         
ANNOUNCEMENT                                                                    
In terms of section 3, paragraph 3.67 of the JSE Listings Requirements, ERM     
advise shareholders of the resignation of the following directors with effect   
from 19 August 2003:                                                            
Messrs DM McLean, C Buitendag, PW Schneider and MRC Walker.                     
The resignations are as a result of the sale by ERM of the business undertaking 
conducted by it to Newshelf 716 (Proprietary) Limited ("the transaction") and   
the attainment of the effective date of the transaction.                        
Johannesburg                                                                    
19 August 2003                                                                  
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
Date: 19/08/2003 01:14:09 PM Produced by the JSE SENS Department                
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